Motor vehicle title loans; loans to nonresidents. (SB1367)
Introduced By
Sen. Dick Saslaw (D-Springfield)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Motor vehicle title loans; nonresidents. Eliminates provisions that prevent motor vehicle title lenders from making title loans to individuals whose motor vehicle is registered in another state. Currently, a title lender is required to have its security interest in the motor vehicle added to the vehicle's certificate of title by complying with the requirements of Virginia's motor vehicle laws. This measure will allow title loans to be made to nonresidents of Virginia provided the lender's security interest is added to its certificate of title by complying with the laws of the state where it is registered. The measure has an emergency clause. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/12/2011 | Prefiled and ordered printed with emergency clause; offered 01/12/11 |
01/12/2011 | Prefiled and ordered printed with emergency clause; offered 01/12/11 11100705D |
01/12/2011 | Referred to Committee on Commerce and Labor |
01/17/2011 | Reported from Commerce and Labor (12-Y 2-N) (see vote tally) |
01/19/2011 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
01/20/2011 | Read second time and engrossed |
01/21/2011 | Read third time and passed Senate (32-Y 3-N) (see vote tally) |
02/07/2011 | Placed on Calendar |
02/07/2011 | Read first time |
02/07/2011 | Referred to Committee on Commerce and Labor |
02/15/2011 | Reported from Commerce and Labor with amendment (13-Y 9-N) (see vote tally) |
02/17/2011 | Read second time |
02/18/2011 | Passed by for the day |
02/21/2011 | Read third time |
02/21/2011 | Committee amendment agreed to |
02/21/2011 | Pending question ordered |
02/21/2011 | Engrossed by House as amended |
02/21/2011 | Passed House with amendment (51-Y 47-N) |
02/21/2011 | VOTE: PASSAGE (51-Y 47-N) (see vote tally) |
02/23/2011 | House amendment agreed to by Senate (37-Y 3-N) (see vote tally) |
02/23/2011 | Emergency clause deleted |
03/03/2011 | Enrolled |
03/03/2011 | Bill text as passed Senate and House (SB1367ER) |
03/03/2011 | Signed by Speaker |
03/06/2011 | Signed by President |
03/23/2011 | G Approved by Governor-Chapter 418 (effective 7/1/11) |
03/23/2011 | G Acts of Assembly Chapter text (CHAP0418) |
Comments
saslaw
Does this person benefit from payday lenders?
This bill is a bipartisan shame. Virginia has allowed predatory lenders (and bigtime campaign contributors) to prey on its poorest and most vulnerable citizens. Shame.